MCB Bank has joined hands with Suzuki to offer car financing on selected Suzuki models. Customers can get financing of up to Rs3 million under the new offer.
The MCB Car4U and Suzuki financing plan also offers flexible payment options. Customers can also get priority delivery of their selected vehicle.
What are the financing details?
Customers can get financing of up to Rs3 million.
Cars with engines up to 1,000cc can be financed for up to five years. Vehicles with engines above 1,000cc can be financed for a maximum of three years.
For three-year financing, the markup rate is 1YK + 2.5 per cent. Customers choosing a four or five-year plan will pay a markup rate of 1YK + 3 per cent.
The offer also has an insurance rate of 1.50 per cent.
Till when is the offer valid?
The financing offer is available for a limited time. MCB Bank said it will remain valid until October 31, 2026.
Eligible customers can also receive priority delivery of their selected Suzuki vehicle.
Customers who want more information about the MCB Car4U and Suzuki financing offer can contact MCB Bank at 042-111-000-622.
Easy instalment plans announced for Suzuki Alto buyers
Previously, people looking to buy a Suzuki Alto had the option of paying for the car through easy bank instalment plans. Buyers who paid 45 per cent of the price upfront could choose a three-year or five-year payment plan.
The three-year plan came with higher monthly payments. However, buyers could clear the loan faster and pay less in total bank markup.
The five-year plan offered lower monthly payments. This could be more suitable for buyers who wanted to manage their monthly expenses. However, the longer loan period could result in a higher total financing cost.
The Suzuki Alto remained one of the more accessible cars for buyers using bank financing in Pakistan. It is popular because of its affordable price, good fuel average and resale value.
Following the latest taxes, the prices of the Suzuki Alto variants are:
- Alto VXR: Rs2,994,861
- Alto VXR AGS: Rs3,166,480
- Alto VXL AGS: Rs3,326,446